ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on March 27th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, February 11th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, March 27th. This represents a $2.88 annualized dividend and a dividend yield of 15.31%. The ex-dividend date is Monday, March 17th.

ARMOUR Residential REIT has a payout ratio of 76.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect ARMOUR Residential REIT to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 67.8%.

ARMOUR Residential REIT Price Performance

ARR stock opened at $18.81 on Friday. The company’s 50 day simple moving average is $18.77 and its 200-day simple moving average is $19.27. The firm has a market capitalization of $1.89 billion, a PE ratio of -43.75 and a beta of 1.53. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Finally, BTIG Research began coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.50.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.